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Raider City has established a legally separate public financing corporation to issue debt for the citys capital projects. The corporations debt will be paid by

Raider City has established a legally separate public financing corporation to issue debt for the citys capital projects. The corporations debt will be paid by the city. How should the public financing corporation be reported by the city?

A) A debt service fund.

B) A discretely presented component unit.

C) A note disclosure indicating a related-party relationship.

D) A blended component unit.

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Principles of managerial finance

Authors: Lawrence J Gitman, Chad J Zutter

12th edition

978-0132479547

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